Frequently Asked Questions

• What's the cheapest way to send money from Sweden to Canada?

  The cheapest way to send money from Sweden to Canada is through an online provider. Among the 14 available, OFX was most often the cheapest provider (in 76.8% of the searches on Monito.com in the past 3 months).

• What are the best providers to send money from Sweden to Canada?

  Here are the providers that were the most often the cheapest in the comparisons of the past 30 days on Monito.com:

  • OFX (cheapest in 76.8% of the searches)
  • Revolut (cheapest in 18.8% of the searches)
  • Wise (cheapest in 2.7% of the searches)
• How much does it cost to send money from Sweden to Canada?

  If you send money with the cheapest available provider, the total cost of a SEK-CAD transfer was 0.2% of the transfer amount (including all fees and exchange rates) over the past month.

  In contrast, the cost of the most expensive option was 15.0%.

• What is the cost of making an international transfer from Sweden to Canada using my bank?

  The average total cost (including hidden exchange rate markup) of making a SEK-CAD transfer with banks compared by Monito.com during the past months was 14.9% of the transfer amount. This is 62.4x more expensive than sending money with the cheapest online provider alternative.

  For a 1500 SEK transfer, this represents a saving potential of around 219.7 SEK.

• Is Western Union a good option for sending money from Sweden to Canada?

  Western Union is a popular provider, with the biggest agent location network. The average cost of online money transfers from Sweden to Canada with Western Union* is 1.7% of the amount you send, whereas the cheapest online services have an average cost of 0.2%.
  
  Dahabshiil is the provider that is most often the cheapest for money transfers to a cash pick-up location in Canada.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest provider to send money from Sweden to a cash pick-up location in Canada?

  Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in Canada was Dahabshiil, with an average cost of 1.0% of the amount you send (includes fees + exchange rate margin).
  
  The average total cost to send to a bank account rather than to a pick-up location during the same period was 0.2%. OFX was the provider most often the cheapest for transfers to bank accounts in Canada.

• What is the fastest option to send money from Sweden to Canada

  The provider that was most often the fastest provider in comparisons of the past 30 days was Dahabshiil (average fastest transfer time: In minutes)